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Asset Manager ← All Institutions

Swiss National Bank

BOERSENSTRASSE 15 P.O. BOX 2800, ZURICH, V8 CH-8022 • (41)-44-631-31-11

Q4 2025 · Filed 2026-02-12
Market Value
$166.7B
-2.6%
Holdings
2,306
+9
New Purchases
67
Added To
1,318
Closed
75
Reduced
670
Top 10 Concentration
37.3%
Turnover
6.2%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
GOOGL 2.99% 2.38% +0.61% $5.0B
GOOG 2.52% 2.02% +0.50% $4.2B
LLY 1.42% 1.04% +0.39% $2.4B
AAPL 6.63% 6.41% +0.22% $11.1B
MU 0.53% 0.32% +0.21% $878M
AMD 0.57% 0.44% +0.13% $952M
B 0.12% 0.00% +0.12% $197M
AMZN 3.64% 3.53% +0.11% $6.1B
MRK 0.43% 0.36% +0.08% $720M
AVGO 2.55% 2.48% +0.07% $4.3B
JNJ 0.82% 0.75% +0.07% $1.4B
LRCX 0.35% 0.29% +0.07% $592M
ISRG 0.33% 0.27% +0.06% $556M
CAT 0.44% 0.38% +0.06% $735M
AMAT 0.34% 0.28% +0.06% $561M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
MSFT 5.61% 6.16% -0.55% $9.4B
META 2.35% 2.69% -0.33% $3.9B
ORCL 0.55% 0.80% -0.25% $914M
NVDA 7.45% 7.67% -0.22% $12.4B
NFLX 0.65% 0.86% -0.20% $1.1B
HD 0.56% 0.68% -0.12% $939M
TSLA 2.09% 2.17% -0.08% $3.5B
MSTR 0.07% 0.14% -0.08% $109M
COST 0.63% 0.69% -0.06% $1.0B
UBER 0.27% 0.33% -0.06% $444M
FI 0.06% 0.12% -0.06% $100M
NOW 0.26% 0.32% -0.06% $437M
PG 0.55% 0.61% -0.06% $919M
RBLX 0.08% 0.13% -0.05% $129M
T 0.29% 0.34% -0.05% $487M

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Technology 33.7%
Healthcare 10.9%
Consumer Cyclical 10.6%
Communication Services 10.4%
Industrials 9.5%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 47 $92.8B 55.7%
Large Cap 655 $65.2B 39.1%
Mid Cap 931 $7.4B 4.5%
Small Cap 653 $1.2B 0.7%
Micro Cap 20 $18M 0.0%

Portfolio Analytics

Avg Market Cap
$34.0B
Median Market Cap
$4.4B
Avg P/E
33.5
Median P/E
21.1
Avg Dividend Yield
0.02%
Avg Beta
1.11
# Stocks
2,306
# ETFs / Funds
0

Top Holdings (2,306 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 NVDA 7.45% 66,589,000 $12.4B $186.50 -$704M -3,746,700 -5.3%
2 AAPL 6.63% 40,667,068 $11.1B $271.86 $93M -2,387,100 -5.5%
3 MSFT 5.61% 19,350,650 $9.4B $483.62 -$1.2B -1,003,220 -4.9%
4 AMZN 3.64% 26,302,400 $6.1B $230.82 $24M -1,240,200 -4.5%
5 GOOGL 2.99% 15,940,400 $5.0B $313.00 $911M -836,200 -5.0%
6 AVGO 2.55% 12,293,610 $4.3B $346.10 $6M -586,620 -4.5%
7 GOOG 2.52% 13,391,800 $4.2B $313.80 $753M -770,600 -5.4%
8 META 2.35% 5,945,960 $3.9B $660.09 -$671M -312,640 -5.0%
9 TSLA 2.09% 7,745,055 $3.5B $449.72 -$233M -611,120 -7.3%
10 LLY 1.42% 2,204,510 $2.4B $1,074.68 $597M -117,680 -5.1%
11 BRK-B 1.14% 3,777,645 $1.9B $502.65 -$65M -128,860 -3.3%
12 V 0.98% 4,654,880 $1.6B $350.71 -$51M -277,220 -5.6%
13 XOM 0.84% 11,682,618 $1.4B $120.34 $5M -740,300 -6.0%
14 JNJ 0.82% 6,599,607 $1.4B $206.95 $80M -336,100 -4.8%
15 WMT 0.80% 12,016,400 $1.3B $111.41 $35M -636,000 -5.0%
16 MA 0.80% 2,335,860 $1.3B $570.88 -$70M -132,240 -5.4%
17 PLTR 0.66% 6,236,100 $1.1B $177.75 -$82M -290,900 -4.5%
18 ABBV 0.66% 4,840,810 $1.1B $228.49 -$73M -251,000 -4.9%
19 NFLX 0.65% 11,644,190 $1.1B $93.76 -$379M +10,417,390 +849.1%
20 COST 0.63% 1,214,460 $1.0B $862.34 -$136M -63,940 -5.0%
21 AMD 0.57% 4,446,975 $952M $214.16 $196M -226,900 -4.8%
22 HD 0.56% 2,727,640 $939M $344.10 -$224M -140,360 -4.9%
23 PG 0.55% 6,413,590 $919M $143.31 -$119M -344,700 -5.1%
24 ORCL 0.55% 4,687,220 $914M $194.91 -$460M -196,180 -4.0%
25 GE 0.54% 2,906,222 $895M $308.03 -$30M -167,740 -5.5%
26 MU 0.53% 3,075,900 $878M $285.41 $338M -150,000 -4.7%
27 CSCO 0.50% 10,832,800 $834M $77.03 $50M -635,000 -5.5%
28 UNH 0.49% 2,481,841 $819M $330.11 -$84M -133,020 -5.1%
29 KO 0.47% 11,203,700 $783M $69.91 $2M -583,400 -5.0%
30 IBM 0.45% 2,552,620 $756M $296.21 $205K -126,380 -4.7%
31 CAT 0.44% 1,283,780 $735M $572.87 $89M -72,020 -5.3%
32 MRK 0.43% 6,843,451 $720M $105.26 $113M -394,800 -5.5%
33 CRM 0.41% 2,608,877 $691M $264.91 $38M -146,900 -5.3%
34 PM 0.41% 4,265,500 $684M $160.40 -$44M -221,300 -4.9%
35 RTX 0.40% 3,668,081 $673M $183.40 $28M -182,900 -4.8%
36 TMO 0.36% 1,034,800 $600M $579.45 $72M -53,400 -4.9%
37 MCD 0.36% 1,955,500 $598M $305.63 -$29M -105,600 -5.1%
38 ABT 0.36% 4,769,380 $598M $125.29 -$74M -245,900 -4.9%
39 LRCX 0.35% 3,455,600 $592M $171.18 $98M -231,600 -6.3%
40 AXP 0.34% 1,525,539 $564M $369.95 $28M -90,040 -5.6%
41 AMAT 0.34% 2,183,000 $561M $256.99 $87M -130,300 -5.6%
42 DIS 0.34% 4,926,925 $561M $113.77 -$33M -255,200 -4.9%
43 ISRG 0.33% 982,400 $556M $566.36 $94M -50,800 -4.9%
44 LIN 0.33% 1,285,001 $548M $426.39 -$97M -71,900 -5.3%
45 PEP 0.32% 3,746,900 $538M $143.52 -$17M -205,300 -5.2%
46 SHOP 0.31% 3,239,200 $523M $161.34 $856K -271,300 -7.7%
47 INTU 0.30% 764,000 $506M $662.42 -$43M -40,100 -5.0%
48 QCOM 0.30% 2,941,300 $503M $171.05 -$16M -176,800 -5.7%
49 GEV 0.29% 745,965 $488M $653.57 $4M -40,800 -5.2%
50 T 0.29% 19,594,084 $487M $24.84 -$99M -1,148,000 -5.5%
51 AMGN 0.29% 1,475,273 $483M $327.31 $45M -74,660 -4.8%
52 BKNG 0.29% 88,814 $476M $5,355.33 -$31M -4,970 -5.3%
53 VZ 0.28% 11,554,098 $471M $40.73 -$64M -599,600 -4.9%
54 TJX 0.28% 3,049,800 $468M $153.61 $4M -166,100 -5.2%
55 BA 0.28% 2,135,077 $464M $217.12 -$6M -38,423 -1.8%
56 INTC 0.27% 12,384,400 $457M $36.90 $35M -189,400 -1.5%
57 ACN 0.27% 1,699,200 $456M $268.30 $13M -96,300 -5.4%
58 NEE 0.27% 5,643,200 $453M $80.28 $5M -290,900 -4.9%
59 APH 0.27% 3,345,700 $452M $135.14 $21M -141,100 -4.0%
60 UBER 0.27% 5,428,900 $444M $81.71 -$117M -297,700 -5.2%
61 KLAC 0.26% 361,600 $439M $1,215.08 $28M -19,600 -5.1%
62 NOW 0.26% 2,849,900 $437M $153.19 -$113M +2,252,800 +377.3%
63 TXN 0.26% 2,491,300 $432M $173.49 -$49M -127,500 -4.9%
64 APP 0.26% 632,310 $426M $673.82 -$52M -32,980 -5.0%
65 COF 0.25% 1,752,516 $425M $242.36 $32M -92,800 -5.0%
66 GILD 0.25% 3,400,200 $417M $122.74 $19M -185,400 -5.2%
67 DHR 0.24% 1,766,008 $404M $228.92 $36M -90,700 -4.9%
68 ADBE 0.24% 1,147,060 $401M $349.99 -$30M -75,740 -6.2%
69 PFE 0.23% 15,580,012 $388M $24.90 -$30M -808,500 -4.9%
70 BSX 0.23% 4,060,500 $387M $95.35 -$29M -204,200 -4.8%
71 ANET 0.23% 2,927,600 $384M $131.03 -$65M -149,700 -4.9%
72 UNP 0.23% 1,625,400 $376M $231.32 -$31M -96,900 -5.6%
73 LOW 0.22% 1,536,800 $371M $241.16 -$35M -78,700 -4.9%
74 PGR 0.22% 1,606,300 $366M $227.72 -$52M -83,500 -4.9%
75 ADI 0.22% 1,348,075 $366M $271.20 $14M -82,400 -5.8%
76 PANW 0.20% 1,854,900 $342M $184.20 -$50M -67,200 -3.5%
77 WELL 0.20% 1,832,800 $340M $185.61 $4M -52,300 -2.8%
78 ETN 0.20% 1,066,520 $340M $318.51 -$82M -61,480 -5.5%
79 HON 0.20% 1,739,800 $339M $195.09 -$51M -112,800 -6.1%
80 MDT 0.20% 3,514,966 $338M $96.06 -$14M -178,400 -4.8%
81 SYK 0.20% 942,860 $331M $351.47 -$35M -48,640 -4.9%
82 DE 0.20% 703,760 $328M $465.57 -$12M -37,940 -5.1%
83 PLD 0.19% 2,544,808 $325M $127.66 $19M -130,000 -4.9%
84 CB 0.19% 1,037,511 $324M $312.12 $14M -59,880 -5.5%
85 CRWD 0.19% 687,700 $322M $468.76 -$30M -30,800 -4.3%
86 COP 0.19% 3,422,470 $320M $93.61 -$24M -216,600 -6.0%
87 VRTX 0.19% 702,600 $319M $453.36 $29M -37,700 -5.1%
88 PH 0.18% 346,740 $305M $878.96 $26M -21,560 -5.8%
89 CEG 0.18% 856,051 $302M $353.27 $5M -47,500 -5.3%
90 CMCSA 0.18% 10,091,900 $302M $29.89 -$36M -643,600 -6.0%
91 BMY 0.18% 5,577,700 $301M $53.94 $36M -288,600 -4.9%
92 NEM 0.18% 3,010,105 $301M $99.85 $33M -163,400 -5.2%
93 ADP 0.17% 1,110,080 $286M $257.23 -$58M -60,120 -5.1%
94 TMUS 0.17% 1,387,802 $282M $203.04 -$71M -85,100 -5.8%
95 MCK 0.17% 340,890 $280M $820.29 $1M -19,660 -5.5%
96 ENB 0.17% 5,779,631 $277M $47.95 -$39M -493,300 -7.9%
97 CVS 0.17% 3,475,660 $276M $79.36 $914K -170,900 -4.7%
98 MO 0.16% 4,603,400 $265M $57.66 -$55M -252,200 -5.2%
99 SO 0.16% 3,014,500 $263M $87.20 -$37M -153,600 -4.8%
100 SBUX 0.16% 3,115,000 $262M $84.21 -$15M -160,800 -4.9%

New Positions

SymbolValue% Port
B $197M 0.12%
RKT $49M 0.03%
YNDX $48M 0.03%
Q $47M 0.03%
CRWV $34M 0.02%
FDS $22M 0.01%
MICC $21M 0.01%
SOLS $15M 0.01%
STNE $7M —%
ONDS $7M —%
WLK $6M —%
TTAN $5M —%
SUNC $4M —%
FTRE $3M —%
LLYVA $3M —%

Sold Out Positions

SymbolValue% Port
OEC —%
EBF —%
FPI —%
USNA —%
XRN —%
LXP —%
UHT —%
MLR —%
HPP —%
TWI —%
CHCT —%
PNFP —%
MCS —%
ACH —%
NOA —%
View SEC EDGAR Filings for Swiss National Bank →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms